COCOON HOLDINGS (00428.HK): Completes Placing of 30.85m Shares, Netting HK$4.7m

NewTimeSpace News: On 22 October 2026, Cocoon Holdings Limited (stock code: 428) announced that the placing of new shares under a general mandate was completed on the same day, with an aggregate of 30,851,647 placing shares successfully placed and issued to not fewer than six placees at HK$0.155 per placing share.

The conditions of the placing agreement had been fulfilled and the placing was completed on 22 October 2026 as agreed by the parties. Based on all reasonable enquiries, all placees (individuals, corporate, institutional or other investors) and their respective ultimate beneficial owners are independent third parties; no placee became a substantial shareholder immediately after completion.

Net proceeds from the placing, after deducting the relevant costs and expenses borne by the Company, were approximately HK$4.7 million, of which about HK$3.7 million is intended for investment in listed and/or unlisted securities and the remaining about HK$1.0 million for the Group's general working capital, such as staff salaries, office rental and professional fees.

Following completion, the number of issued shares increased from 154,258,237 to 185,109,884. Major shareholder Yu Baoqun (余宝群) held 37,361,400 shares, with its stake diluted from 24.22% to 20.18%; Zhang Yangdong (章扬东) held 11,104,000 shares, down from 7.20% to 6.00%; other public shareholders held 134,876,352 shares, or 72.86%, up from 104,024,705 shares or 67.44%.